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Business Strategy Assignment: Strategy Practice

   

Added on  2020-06-06

14 Pages4469 Words61 Views
Leadership ManagementProfessional DevelopmentPolitical Science
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STRATEGIC PRACTICE
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Table of ContentsINTRODUCTION...........................................................................................................................4STRATEGIC THINKING..........................................................................................................4SYSTEM THINKING................................................................................................................5COMPLEXITY PERSPECTIVE: NEW WAYS OF THINKING ABOUT STRATEGY?.......7COMPLEX ADAPTIVE SYSTEMS: MODELLING COMPLEXITY.....................................9THE PRACTICE PERSPECTIVE............................................................................................10CONCLUSION..............................................................................................................................11
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INTRODUCTIONStrategic practices plays a vital role in deriving the easiest and smoothest way toaccomplish organisational goals and objectives. There are various organisation who hasimplemented the use of strategic policies and practices in order to carry-out smooth functioningof business operations. The report will critically analyse “Systems thinking essentially seeks tounderstand phenomena as a whole formed by the interaction of parts”. Further, it will outline thekey themes of strategic practices like, strategic thinking, system thinking, strategic perspectiveand adaptive systems. STRATEGIC THINKINGStrategic thinking is backbone to the organization as it assist the management in derivingpolicies and procedures according to the fluctuations. Strategic thinking is used in businesses itprovides synthetic, divergent, creative, intuitive and innovative approach to changes. It providesdetailed analysis over strategic plan band tactics which can determine future direction tocompany according external factors. According to Jarratt and Stiles 2010, strategic managementprovides modelling to strategic thinking in which it comprises, system thinking like how thestrategic decision impact the organisational functions and departments, the thinking helps themanagement in setting direction towards one common goals, it assists in fulfilling gap betweenplanned and actual performance, testing hypothesis situation according to present businessconditions and at last it helps in determining alternative strategies which can be easily adaptedaccording to environmental changes (Alotaibi and Hana 2015). In addition to this, thinkingstrategically leads to establishment of leadership as it makes things adaptable, problem, solvingand aligned. The leadership in the system is beneficial in organising systematic business functionin accordance to determined goals and objectives. Further strategic alignment comprisesformulation of vision and value and implementation of structure in order to make system capableof adapting changes. However, in the contrary, Armstrong and Taylor 2014, has started thatstrategic planning and policies within the organisational system makes the process rigid becauseit aims at strictly following the decision based on strategic thinking (Yorio, Willmer and Moore2015).For instance, the leading retailer of Hong Kong that is Aji Ichiban uses strategic thinkingto establish smooth flow of information and decisions in all the departments of the enterprise.Further, the management never fails to implement changes according to strategic practices as it
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